HS Code:
The category 'Parts of signaling equipment, each with pressed sealing on the flanges (provided for in subheading 8512.90.20)' under the Harmonized System (HS) Code refers to components used in signaling equipment, primarily for automotive or industrial applications. These parts are critical for the functionality of devices such as horns, alarms, or other audible or visual signaling systems, with a specific design feature of pressed sealing on the flanges to ensure durability and protection against environmental factors. This niche category is part of the broader electrical machinery and equipment sector, often used in the automotive industry for safety and communication purposes.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.5%
Highest Rate
8.0% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA or EU-Japan EPA)
Rising demand in automotive sector
Increased production of electric vehicles (EVs) and autonomous vehicles has boosted the need for advanced signaling equipment, driving growth in this category.
2021-2022
Shift towards sustainable materials
Manufacturers are adopting eco-friendly materials for components to comply with stricter environmental regulations, influencing production costs and trade patterns.
2022
Supply chain disruptions
Post-COVID-19 supply chain issues and geopolitical tensions have led to delays and increased costs, affecting trade volumes temporarily.
2020-2022
The European Union introduced updated safety standards for automotive signaling equipment, mandating enhanced durability and environmental resistance for parts like those in subheading 8512.90.20.
June 2023
Exporters to the EU must adapt to stricter compliance requirements, potentially increasing production costs but ensuring higher quality standards.
Recent negotiations between the US and China included discussions on reducing tariffs for automotive parts, including signaling equipment components.
March 2023
A potential reduction in tariffs could boost trade volumes between the two countries, benefiting Chinese exporters and US importers.
Several leading manufacturers have introduced smart signaling components with integrated IoT features, driving demand for advanced parts with pressed sealing on flanges.
September 2022
This innovation is expected to increase market demand, particularly in high-tech automotive markets like Japan and South Korea.